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Forex Markets Eagerly Awaiting Saturday’s Brexit Showdown for British Pound Outlook
Published: 18 Oct at 3 PM
Pound Sterling (GBP)
The Pound’s movement remained volatile until the end of the week. While relief over a new UK-EU Brexit deal helped the Pound to sustain gains throughout the week overall, uncertainty persists over whether the deal will actually be able to make it through UK Parliament.
Parliament will hold its anticipated vote on...
Sterling (GBP) Rallies as ‘Everything Should be Clear’ By Tonight
Published: 16 Oct at 5 PM
Pound Sterling (GBP) Jumps as ‘Everything Should be Clear’ by Tonight
The Pound rebounded on Wednesday afternoon as Brexit optimism buoyed the British currency after President of the European Council, Donald Tusk said that ‘everything should be clear’ by tonight.
While Downing Street said there was ‘more work still to do’...
Sterling (GBP) Jumps as PM and Varadkar See ‘Pathway’ to Brexit Deal
Published: 10 Oct at 5 PM
Pound Sterling (GBP) Edges Higher as PM and Varadkar ‘See a Pathway to a Possible Deal’
Sterling (GBP) was left under pressure on Thursday as data revealed that while UK GDP slumped -0.1% in August, in the three months to August the economy expanded by a better-than-expected 0.3%.
Meanwhile, GBP slipped ahead of Brexit discussions...
British Pound Plummets Versus Majors as UK-EU Brexit Talks May Collapse
Published: 8 Oct at 3 PM
Pound Sterling (GBP)
The Pound plummeted across the board today, as the latest Brexit developments worsened concerns that a Brexit deal was seen as increasingly unlikely.
UK-EU Brexit negotiations appeared close to breaking down following a talk between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel. UK officials...
Brexit Uncertainty and Construction Downturn Sends Sterling (GBP) Lower
Published: 2 Oct at 11 AM
Pound Sterling (GBP) Falls as Brexit Uncertainty Plagues Construction Sector
On Wednesday, Sterling was left under pressure as data revealed the UK construction slump worsened as Brexit uncertainty plagued the sector. The PMI plummeted further into contraction, with September’s reading the second worse since the financial crisis....
Sterling (GBP) Extends Losses as UK Yet to Propose ‘Legal and Operational’ Brexit Proposals
Published: 26 Sep at 12 PM
Pound Sterling (GBP) Extends Losses as Investors Wait for Parliament’s Next Moves
Sterling (GBP) continued to extend its losses on Thursday as investors waited for parliament to announce its plans to break the current Brexit impasse. This comes after the Supreme Court ruled Prime Minister Boris Johnson’s five-week suspension unlawful....
US Dollar (USD) Flat Ahead of Fed Rate Decision
Published: 18 Sep at 4 PM
Pound Sterling (GBP) Under Pressure as Inflation Rises at Slowest Pace in Three-Years
Sterling (GBP) was left under pressure on Wednesday as data from the Office for National Statistics (ONS) revealed consumer prices rose at the slowest rate since December 2016.
August’s Consumer Price Index (CPI) rose by 1.7% following a 2.1%...
Euro (EUR) Rises as ECB Slashes Deposit Rate to Fresh Low
Published: 12 Sep at 5 PM
Pound Sterling (GBP) Falls as Draghi Warns Risk of a No-Deal has Increased
Sterling remained under pressure against a handful of currencies on Thursday as the risk of a no-deal Brexit remained on traders’ minds.
Following the European Central Bank (ECB) decision, President Mario Draghi stated the risk of the UK leaving the bloc...
Pound Sterling (GBP) Rises as July’s UK Growth Figure Beats Forecasts
Published: 9 Sep at 5 PM
Pound Sterling (GBP)
The Pound (GBP) edged higher against many of its competitors today after July’s UK growth figure rose unexpectedly from 0% to 0.3%, further bolstering optimism in the UK economy as Brexit recession fears continue to recede.
UK markets were also upbeat today with the anti-no-deal Brexit bill expected to gain royal...
Euro to US Dollar Exchange Rate Fluctuates in Anticipation of Jackson Hole Fed News
Published: 22 Aug at 5 PM
Despite some stronger than expected Eurozone data and weaker US data today, the Euro to US Dollar (EUR/USD) exchange rate has failed to advance or hold its ground. Investors are largely hesitant to make any big moves on the US Dollar ahead of tomorrow’s session, when many analysts expect big developments from the Federal Reserve at the...